BrambleCorp. has decided to expand its operations. The bookkeeper recently completed the following statement of financial position in order to obtain additional funds for expansion:

BRAMBLECORP. Statement of Financial Position For the Year Ended December 31, 2020
Current assets
	Cash (net of bank overdraft of $38,000)		$	400,000
	Accounts receivable (net)			352,000
	Inventory at the lower of cost and net realizable value			411,000
	FV-NI investments (at costfair value $230,000)			160,000
Property, plant, and equipment
	Buildings (net)			740,000
	Equipment (net)			360,000
	Land held for future use			215,000
Intangible assets
	Goodwill			85,000
	Investment in bonds to collect cash flows, at amortized cost			104,000
	Prepaid expenses			15,000
Current liabilities
	Accounts payable			325,000
	Notes payable (due next year)			185,000
	Pension obligation			84,000
	Rent payable			62,000
Long-term liabilities
	Bonds payable			639,000
Shareholders' equity
	Common shares, unlimited authorized,420,000issued			420,000
	Contributed surplus			280,000
	Retained earnings			?

(a) Prepare a revised statement of financial position using the available information. Assume that the bank overdraft relates to a bank account held at a different bank from the account with the cash balance. Assume that the accumulated depreciation balance for the buildings is $210,000and that the accumulated depreciation balance for the equipment is $295,000. The allowance for doubtful accounts has a balance of $36,000. The pension obligation is considered a long-term liability.(List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

BRAMBLECorp. Statement of Financial Position choose the accounting period For the Year Ended December 31, 2020 December 31, 2020 For the Month Ended December 31, 2020
Assets
select an opening name for subsection one Property, Plant, and Equipment Total Liabilities Current Liabilities Current Assets Total Current Assets Total Liabilities and Shareholders' Equity Shareholders' Equity Total Shareholders' Equity Long-Term Investments Total Assets Long-Term Liabilities Total Current Liabilities
enter a balance sheet item						$enter a dollar amount
enter a balance sheet item						enter a dollar amount
enter a balance sheet item				$enter a dollar amount
select between addition and deduction Less Add :enter a balance sheet item				enter a dollar amount		enter a subtotal of the two previous amounts
enter a balance sheet item						enter a dollar amount
enter a balance sheet item						enter a dollar amount
select a closing name for subsection one Total Assets Total Current Assets Shareholders' Equity Total Liabilities Long-Term Liabilities Current Assets Total Current Liabilities Current Liabilities Long-Term Investments Total Liabilities and Shareholders' Equity Property, Plant, and Equipment Total Shareholders' Equity						enter a total amount for subsection one
select an opening name for subsection two Total Current Liabilities Current Liabilities Total Current Assets Total Liabilities and Shareholders' Equity Total Shareholders' Equity Total Liabilities Shareholders' Equity Long-Term Investments Current Assets Property, Plant, and Equipment Total Assets Long-Term Liabilities
enter a balance sheet item				enter a dollar amount
enter a balance sheet item				enter a dollar amount
						enter a subtotal of the two previous amounts
select an opening name for subsection three Total Liabilities and Shareholders' Equity Long-Term Liabilities Total Liabilities Shareholders' Equity Long-Term Investments Property, Plant, and Equipment Total Current Assets Total Assets Current Liabilities Total Current Liabilities Current Assets Total Shareholders' Equity
enter a balance sheet item		$enter a dollar amount
select between addition and deduction Add Less :enter a balance sheet item		enter a dollar amount		enter a subtotal of the two previous amounts
enter a balance sheet item		enter a dollar amount
select between addition and deduction Less Add :enter a balance sheet item		enter a dollar amount		enter a subtotal of the two previous amounts		enter a total amount for subsection three
enter a balance sheet item						enter a dollar amount
select a closing section name for this part of the balance sheet Current Assets Total Assets Long-Term Investments Total Liabilities and Shareholders' Equity Total Current Liabilities Shareholders' Equity Total Shareholders' Equity Total Current Assets Current Liabilities Long-Term Liabilities Property, Plant, and Equipment Total Liabilities						$enter a total amount for this part of the balance sheet
Liabilities and Shareholders' Equity
select an opening name for subsection one Current Liabilities Total Assets Total Liabilities and Shareholders' Equity Current Assets Property, Plant, and Equipment Total Liabilities Long-Term Liabilities Total Current Liabilities Long-Term Investments Shareholders' Equity Total Current Assets Total Shareholders' Equity
enter a balance sheet item						$enter a dollar amount
enter a balance sheet item						enter a dollar amount
enter a balance sheet item						enter a dollar amount
enter a balance sheet item						enter a dollar amount
select a closing name for subsection one Total Liabilities and Shareholders' Equity Property, Plant, and Equipment Long-Term Investments Total Liabilities Total Current Assets Total Assets Shareholders' Equity Current Liabilities Current Assets Long-Term Liabilities Total Shareholders' Equity Total Current Liabilities						enter a total amount for subsection one of the second part of the balance sheet
select an opening name for subsection two Current Assets Property, Plant, and Equipment Long-Term Liabilities Total Liabilities Total Liabilities and Shareholders' Equity Total Assets Shareholders' Equity Total Current Liabilities Long-Term Investments Current Liabilities Total Current Assets Total Shareholders' Equity
enter a balance sheet item				$enter a dollar amount
enter a balance sheet item				enter a dollar amount
						enter a subtotal of the two previous amounts
select a closing name for section one Current Assets Total Current Liabilities Long-Term Investments Long-Term Liabilities Property, Plant, and Equipment Current Liabilities Total Liabilities and Shareholders' Equity Total Current Assets Total Shareholders' Equity Shareholders' Equity Total Assets Total Liabilities						enter a total amount for this section of the balance sheet
select an opening name for section two Shareholders' Equity Long-Term Liabilities Total Current Liabilities Total Liabilities Long-Term Investments Current Assets Total Shareholders' Equity Total Liabilities and Shareholders' Equity Current Liabilities Total Assets Property, Plant, and Equipment Total Current Assets
enter a balance sheet item				enter a dollar amount
enter a balance sheet item				enter a dollar amount
enter a balance sheet item				enter a dollar amount
select a closing name for section two Total Liabilities Total Current Assets Shareholders' Equity Property, Plant, and Equipment Long-Term Investments Total Assets Current Liabilities Total Current Liabilities Long-Term Liabilities Total Liabilities and Shareholders' Equity Current Assets Total Shareholders' Equity						enter a total of the three previous amounts
select a closing name for this part of the balance sheet Current Assets Long-Term Liabilities Total Assets Current Liabilities Shareholders' Equity Property, Plant, and Equipment Total Current Assets Long-Term Investments Total Current Liabilities Total Liabilities and Shareholders' Equity Total Liabilities Total Shareholders' Equity						$enter a total amount for this part of the balance sheet